In response to inquiries about planned giving program, we would like to bring you up-to-date on this popular endowment vehicle.
Planned giving has become one of the most promising methods of securing financial support for private schools. It is a program which enables people to make a much larger outright gift than they would normally consider and increase their lifetime spendable income at the same time. For the school, a planned gift means that interest from planned giving endowment will be available in the future to support our unique academic program for dyslexic children.
Careful estate planning involves a good measure of financial management. It can be as simple as including The Kildonan School in your will. State and federal tax laws are major factors in determining the most advantageous plan for handling securities, real estate, cash and other assets. A bequest may be expressed as a percentage of your estate rather than a specific dollar amount. This is a provision that can protect your beneficiaries against the possible reduction in the size of your estate.
Several planning techniques that can help you save on estate or income taxes are Gifts of Appreciated Assets, Charitable Lead Trusts, and Charitable Remainder Trusts.
The tax implications of the various planned giving options vary according to the unique circumstances of each individual and should be discussed with your financial advisor or tax attorney.
